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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:    
Net income $ 92.1 $ 102.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 62.3 62.4
Depreciation in cost of sales 22.8 22.8
Depreciation in selling and administrative expenses 4.8 5.0
Stock-based compensation expense 13.6 5.2
Foreign currency transaction losses, net 3.7 0.2
Net gain on asset dispositions (0.3) (1.2)
Loss on extinguishment of debt 0.2 0.2
Deferred income taxes 6.5 9.2
Changes in assets and liabilities:    
Receivables 17.2 43.2
Inventories (35.0) (46.8)
Accounts payable (0.8) 45.3
Accrued liabilities (0.9) (42.7)
Other assets and liabilities, net (56.1) (11.0)
Net cash provided by operating activities 130.1 194.5
Cash Flows From Investing Activities:    
Capital expenditures (24.7) (20.9)
Net cash paid in business combinations (0.5) (113.6)
Disposals of property, plant and equipment 0.7 3.1
Net cash used in investing activities (24.5) (131.4)
Cash Flows From Financing Activities:    
Principal payments on long-term debt (28.8) (110.5)
Purchases of treasury stock (17.1) (9.2)
Proceeds from stock option exercises 32.1 5.2
Payments of contingent consideration (2.0) 0.0
Payments of debt issuance costs (0.3) 0.0
Net cash used in financing activities (16.1) (114.5)
Effect of exchange rate changes on cash and cash equivalents 6.8 (4.1)
Net increase (decrease) in cash and cash equivalents 96.3 (55.5)
Cash and cash equivalents, beginning of period 221.2 393.3
Cash and cash equivalents, end of period 317.5 337.8
Supplemental Cash Flow Information    
Cash paid for income taxes 31.5 62.4
Cash paid for interest 42.5 51.7
Debt issuance costs in accounts payable 0.5 0.0
Debt issuance costs in accrued liabilities 5.6 0.0
Capital expenditures in accounts payable $ 3.8 $ 3.1